China’s crypto-miners look abroad as Beijing regulators tighten noose

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Email Crypto-mining requires huge amounts of processing power, as is seen at this bitcoin mining data center in Canada. – AFP BEIJING: When a prefecture in northwestern China’s Xinjiang region ordered a halt on cryptocurrency mining projects this month, Chris Zhu scrambled to move clients’ machines southward, spending over a week to reassemble in Sichuan. But after the shift, he received another notice-authorities in southwestern Sichuan were also putting a stop to the industry, in a turbulent year that has lost his company millions. “We’re thinking of ways to go abroad,” said Zhu, whose company handles the maintenance of mining...